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Global Markets: Stocks, metals hit by new U.S.-China trade war salvo

Reuters  |  NEW YORK 

By Hilary RussNEW YORK (Reuters) - Stocks fell and metals prices slumped on Wednesday as U.S. threats of tariffs on an additional $200 billion worth of Chinese goods pushed the world's two biggest economies closer to a full-scale trade war.U.S. President Donald Trump's threat overnight of 10 percent tariffs on another $200 billion of Chinese goods dampened hopes that Washington will eventually step back from the escalating row.The clock now starts ticking on a two-month period of public comment before the levies are imposed. Trump has said he may ultimately target more than $500 billion worth ...

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First Published: Wed, July 11 2018. 21:52 IST
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